SYNTHESIS INE@COVID-19, 18 Jan-2021

January . 18 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 10/13 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Housing construction costs increased by 1.7% year-on-year In November 2020, the year-on-year rate of change in the Construction cost index for new housing (CCINH) was estimated at +1.7% (+2.3% in the previous month). Also in year-on-year terms, the prices of building materials increased by 1.3% in November (the same as in the previous month) and labour costs rose by 2.3% (3.8% in October). Note: the value for November 2020 is provisional. Construction Costs Index for New Housing (100=2015) More information available at: New housing construction cost index – November 2020 (8 January 2021) Note: the value for November 2020 is provisional. Compared to the previous month, the CCINH decreased by 0.6% in November (0.2% in the previous month). The price of building materials and the cost of labour registered rates of change of 0.4% and 0.8% respectively (0.4% and -0.1% in October, in the same order). Construction Costs Index for New Housing (year-on-year rate of change) 111.39 94.0 96.0 98.0 100.0 102.0 104.0 106.0 108.0 110.0 112.0 114.0 November 2015 November 2016 November 2017 November 2018 November 2019 November 2020 Number-Index 1.7% 1.3% 2.3% 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 November 2018 May 2019 November 2019 May 2020 November 2020 Total Materials Labour %